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Strategies & Market Trends : Waiting for the big Kahuna

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To: big guy who wrote (11536)12/14/1997 7:57:00 AM
From: Ob C Qwe US  Read Replies (1) of 94695
 
Well, since you addressed your query to me, I'll tell you my experience. I have Eschwab. Owned mucho AOL puts during October "whateveryawannacallit" Puts worth great $$$. Couldn't get through. By the time I could get through, several hours later, puts worth about 35K less. ouch. held onto 'em and a few days later sold 'em for about 50K more. Un ouch. Fate was good to me, Eschab wasn't. About the best suggestion I've heard is to have an online broker you can physically get to in a reasonable amount of time, knock down all the little old ladies standing in front of you, (apollogies in advance to offended lol's), Belly up to that counter, and PUT THAT ORDER IN. And you don't care if their server's down, maybe take a tape recorder with you. (Sorry, that's the l*wy*r in me)

Unless you're in a city, (I'm not) seems like there's no good answer. I don't think ANY of the onlines have sufficent capacity to handle a rush like in October, and I'll bet none of 'em upgraded enough to handle Monday's.....(oops, did I say Monday, I should qualify that to Monday or Tuesday's, perhaps as late as Wednesday..., but BWDIK and all that stuff, GGG),
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